 |
Louisiana Light • 2 days | 86.60 | -0.08 | -0.09% | ||
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% | ||
|
Mars US • 169 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 18 hours | 2.710 | -0.003 | -0.13% |
|
Bonny Light • 1 day | 88.69 | -0.04 | -0.05% | ||
|
Girassol • 1 day | 89.20 | -0.10 | -0.11% | ||
|
Opec Basket • 2 days | 87.35 | -2.29 | -2.55% |
|
Peace Sour • 1 day | 75.30 | -0.05 | -0.07% | ||
|
Light Sour Blend • 1 day | 78.35 | -0.05 | -0.06% | ||
|
Syncrude Sweet Premium • 1 day | 85.30 | -0.05 | -0.06% | ||
|
Central Alberta • 1 day | 75.70 | -0.05 | -0.07% |
|
Eagle Ford • 2 days | 79.21 | +0.04 | +0.05% | ||
|
Oklahoma Sweet • 2 days | 79.25 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 73.00 | -2.50 | -3.31% | ||
|
Buena Vista • 3 days | 86.86 | -2.40 | -2.69% |
OPEC+ Faces Fork in the Road
Some analysts have noted in…
Oil Fund Withdrawals Suggest Extended Price Rally
Investors are ditching the oil…
Energy / Crude Oil
Oil Prices Fall On First Crude Inventory Build In Eight Weeks
Crude oil moved lower today after the Energy Information Administration reported an inventory build of 4.6 million barrels for the week to September 24. This compared with a
$80 Oil Is No Reason For OPEC+ To Alter Its Production Plan
Despite the recent rally in oil prices, the OPEC+ group is expected to keep next week its current schedule of easing the collective oil production cuts by 400,000 barrels per…
OPEC+ Will Be Unwilling And Unable To Stop The Oil Price Rally
Few could have predicted that after an already extensive bull run this year amid recovering demand, oil prices had much further to go. And yet, the world’s most…
OPEC Sees Global Oil Demand Growing Until 2035
Global oil demand is expected to continue to grow into the mid-2030s to 108 million barrels per day (bpd), after which it is set to plateau until 2045, OPEC
Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil
The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022,…
Nigeria Doubles Down On Oil After Years Of Trouble
After months of stalling because of Covid restrictions and OPEC cuts, as well as significant international criticism over misplaced funds, Nigeria appears to be optimistic about the future…
U.S. Oil Rig Count Jumps As Crude Prices Near 3-Year High
The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260…
International Oil Companies Are Giving Up On Venezuela
Despite huge oil reserves waiting to be tapped, the ongoing sanctions on Venezuelan oil and the current state of politics and the economy are driving international oil majors…
Cocaine And Crime Are Amplifying Colombia’s Crude Oil Crisis
For as long as many people remember Colombia has been a violence riven country that has been a major hub in the global cocaine trade. …
Oil Rises To Two-Month High As Inventories Fall
Oil prices rose on Thursday to their highest levels since late July after U.S. crude stocks dropped to their lowest in three years and the broader market received more clarity…
Arctic Oil Is Booming Despite Strong Opposition
Arctic oil and gas drilling is enjoying strong interest—and not just from Russian companies—despite the political rush to transform the world’s energy systems and remove fossil fuels from them. A…
Crude Prices Jump On Oil Sands Outages
Syncrude has cut its bitumen production for this month due to a mechanical disruption, Bloomberg has reported, citing an unnamed person familiar with the matter. This will likely contribute…
Soaring Natural Gas Prices Could Lift Oil Demand
The current shortage of natural gas and price spikes on the gas markets could be a boon to OPEC, which expects higher demand for other fuels when gas prices are…
Oil Prices Tick Lower After EIA Reports Crude Draw, Gasoline Build
Crude oil prices fell slightly after the Energy Information Administration reported yet another inventory draw, of 3.5 million barrels, for the week to September 17. This compared with a…
The Oil Hub That Could Counter Iran’s Strait Of Hormuz Strategy
In line with the UAE’s role as a principal member of the U.S.’s new Middle East strategy to counter China’s increasing influence in…
Crude Stocks At Cushing Have Dropped By 42% So Far This Year
Rising U.S. oil consumption this year has led to crude oil inventories in Cushing, Oklahoma, dropping by as much as 42 percent so far this year, the Energy Information Administration…
Russia’s Prime Minister Urges Country To Prepare For Post-Oil Era
Russia must start getting used to lower oil, gas, and coal use in the future, Prime Minister Mikhail Mishustin told Russian media, adding that the government will approve a plan…
Shell Exits Permian In $9.5 Billion Deal
Anglo-Dutch oil supermajor Shell is set to leave the Permian with a divestment worth close to $10 billion. The company said it will sell its assets in the shale…
Will South America’s Latest Oil Boom Spark A Military Clash?
Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square…
Oil Demand Set To Grow Even After 2050, Energy Expert Says
Even after 2050, global oil demand is set to continue to rise because renewables cannot entirely replace fossil fuels, energy markets expert Anas Alhajji said during a recent energy conference…
